Today, the Minister of Transport and Quebec Lieutenant, the Honourable Pablo Rodriguez, and Joël Lightbound, Member of Parliament for Louis-Hébert, on behalf of the Honourable Jonathan Wilkinson, Canada’s Minister of Energy and Natural Resources, announced a federal investment of $12.6 million in the Société de financement et d’accompagnement en performance énergétique Canada (SOFIAC). This funding will help them accelerate their expansion into energy efficiency for commercial buildings and multi-unit residential buildings, helping building owners and tenants save on their energy bills and reduce emissions.

“Energy efficiency means cost savings for Canadians. At a time when we are facing challenges with affordability and climate change, this plan meets Canadians where they are at and delivers the action they need, at the pace and scale they are demanding. Canada’s first-ever Green Buildings Strategy is a plan to save Canadians money, create jobs and seize the economic opportunities that a clean and sustainable economy presents.”

The Honourable Jonathan Wilkinson
Minister of Energy and Natural Resources, Government of Canada

“Making our buildings more energy efficient is a key part of our fight against climate change. It's also an opportunity to create good jobs in the green economy of tomorrow, and help Quebecers save money by reducing their electricity bills. We continue to deliver for Quebecers by taking concrete action that makes a real difference.”

The Honourable Pablo Rodriguez
Minister of Transport and Quebec Lieutenant

“Energy efficiency saves Canadians money. Faced with the challenges of affordability and climate change, this plan responds to their needs and acts quickly. Canada's first Green Buildings Strategy will save Canadians money, create jobs and seize the opportunities of a sustainable economy. I'm delighted to announce this essential funding to support these crucial initiatives.”

Joël Lightbound
Member of Parliament for Louis-Hébert

“SOFIAC, an innovative investment solution for the energy transition and decarbonisation of the built environment, was established to facilitate the implementation of energy efficiency projects in Canadian businesses. By eliminating financial, technical, and operational barriers, SOFIAC empowers companies to develop and execute these vital initiatives for the environment as well as to create a positive impact on their annual results. With a significant contribution of $12.6 million from Natural Resources Canada through the Deep Retrofit Accelerator Initiative, SOFIAC will accelerate its nationwide investments in deep energy retrofits across commercial, institutional, and multi-family residential buildings. This funding will significantly impact the growth and deployment of SOFIAC, thus playing a crucial role in advancing Canada’s energy transition.”

Pierre Langlois
President, Econoler

• Buildings are Canada’s third-largest emitter of GHG emissions. Nearly all building emissions – over 96 percent – come from space and water heating. To tackle this, major changes in the building sector are underway, with the potential to create hundreds of thousands of jobs and help Canadians save money on their energy bills.

• Retrofitting existing buildings, building green from the start, and choosing alternatives to fossil fuel heating equipment, such as electric heat pumps, will help Canada achieve its net-zero commitments by 2050. There is also a need to build stronger to better equip communities to withstand the effects of climate change.

• To reach Canada’s climate goals, reduce energy bills and build up Canada’s supply of energy-efficient and resilient building stock, there is a need to accelerate the retrofit of approximately 10 million buildings and construct millions of new net-zero buildings in the coming decades.

• Canadian households spend an average of $2,200 a year on home energy costs and these costs are significantly higher in homes that heat with oil and in older homes with poor insulation, ventilation and heating/cooling systems. 

• The Canada Green Buildings Strategy is a commitment in the 2030 Emissions Reduction Plan: a sector-by-sector approach to reach Canada’s climate target of cutting emissions by at least 40 percent below 2005 levels by 2030, laying the foundation to achieve net-zero emissions by 2050.

• Retrofits under the Canada Greener Homes Grants have been issued to 240,000 Canadian households, with an average grant of $4,400 per household. These retrofits are removing over 306,540 metric tonnes of GHG emissions, equivalent to taking nearly 94,000 fossil fueled powered vehicles off the road.

• The Canada Green Buildings Strategy is funded as a part of Budget 2024 and is mentioned in Solving the Housing Crisis – Canada's Housing Plan. It complements Canada’s National Adaptation Strategy, which lays out a framework to reduce the risk of climate-related disasters, improve health outcomes, protect nature and biodiversity, build and maintain climate resilient infrastructure, and support a strong economy and workers. New and ongoing federal initiatives are already starting to put the Strategy’s vision in practice.

Related products

• Deep Retrofit Accelerator Initiative
• Canada Greener Affordable Housing program

Laurent de Casanove
Press Secretary
Office of the Honourable Pablo Rodriguez
Minister of Transport, Ottawa
laurent.decasanove@tc.gc.ca

Media Relations
Transport Canada, Ottawa
613-993-0055
media@tc.gc.ca

Natural Resources Canada
Media Relations
343-292-6100
media@nrcan-rncan.gc.ca